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Earnings Per Share
9 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
Basic income per share is calculated by dividing net income by the weighted-average number of shares outstanding during the period. Diluted income per share adjusts the basic income per share for the effects of any potentially dilutive securities in periods in which the Company has net income and such effects are dilutive under the treasury stock method.
Following is a summary of the components of basic and diluted income per share for the periods presented:
Three Months Ended June 30,Nine Months Ended June 30,
in thousands (except per share data)2024202320242023
Numerator:
Income from continuing operations$27,208 $43,817 $88,107 $102,932 
Income (loss) from discontinued operations, net of tax2 — 2 (77)
Net income$27,210 $43,817 $88,109 $102,855 
Denominator:
Basic weighted-average shares30,513 30,395 30,625 30,335 
Dilutive effect of restricted stock awards414 458 384 309 
Dilutive effect of stock options8 8 
Diluted weighted-average shares(a)
30,935 30,860 31,017 30,649 
Basic income per share:
Continuing operations$0.89 $1.44 $2.88 $3.39 
Discontinued operations —  — 
Total$0.89 $1.44 $2.88 $3.39 
Diluted income per share:
Continuing operations$0.88 $1.42 $2.84 $3.36 
Discontinued operations —  — 
Total$0.88 $1.42 $2.84 $3.36 
(a) The following potentially dilutive shares were excluded from the calculation of diluted income per share as a result of their anti-dilutive effect.
Three Months Ended June 30,Nine Months Ended June 30,
in thousands2024202320242023
Stock options 13 1 14 
Time-based restricted stock3 — 1 128